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PT Bank Mandiri (Persero) Tbk.
Type Public (IDX:BMRI)
Founded Jakarta, Indonesia
Founder(s) Indonesian Government (1998)
Headquarters Indonesia Jakarta, Indonesia
Key people Indonesia Agus Martowardojo, CEO
Industry Financial Services
Revenue Rp 19,826.85 billion (Q3 2006)
Net income Rp 1,186.56 billion (Q3 2006)
Website www.bankmandiri.co.id

Bank Mandiri IDX:BMRI is the largest bank in Indonesia in term of assets, loans and deposits. Total assets as of Q3 2006 were IDR 253.7 trillion (or USD 25.7 billion). It also has Capital Adequacy Ratio (CAR) of 23% (including market risk), Return on Asset (RoA) of 0.71 %, and Return on Equity (RoE) of 7.38 %.

In May 2005, the bank announced that as a result of new, tighter accounting regulations, its reported nonperforming loans would increase. The resulting increase was a very large one, from 7% non-performance to 25%.

By December 2006, the bank had 924 branches spread across three different time zones in the Indonesian archipelago and six branches abroad, about 2500 Automatic Teller Machines (ATMs), and three principal subsidiaries: Bank Syariah Mandiri, Mandiri Sekuritas, and AXA Mandiri.

Contents

History

The Indonesian government created it in 1999 to amalgamate four older government-owned banks that had failed in 1998. Those banks were Bank Bumi Daya (BBD), Bank Dagang Negara (BDN), Bank Expor Impor (Exim), and Bank Pembangunan Indonesia (Bapindo). During the amalgamation and reorganization, the government reduced the number of branches by 194 and the number of personnel from 26,600 to 17,620.

  • 1951: Bank Industri Negara (BIN) was established to finance priority sectors, such as plantations, industry and mining.
  • 1959: The Indonesia government nationalized Nationale Handelsbank’s operations in Indonesia and from them created Bank Umum Negara.
  • 1960: The Indonesia government nationalized the Indonesian operations of two more Dutch banks. It used Nederlandsche Handel-Maatschappij’s operations to create Bank Ekspor Impor Indonesia. Escomptobank became Bank Dagang Negara. The government also established the state-owned Bank Pembangunan Indonesia (Bapindo) and merged BIN into it. Bapindo specialized in medium and long-term financing of manufacturing, tourism and transportation.
  • 1964: The Indonesia government nationalized Chartered Bank’s operations in Indonesia and merged them into Bank Umum Negara. Chartered Bank, a British overseas bank, had first entered Indonesia in 1863 when it opened an agency in Batavia.
  • 1965: The Indonesia government brought Bank Umum Negara into the Bank Negara Indonesia group, renaming it Bank Negara Indonesia Unit IV (BNI IV). Similarly, Bank Ekspor Impor Indonesia became Bank Negara Indonesia Unit II (BNI II).
  • 1968: The Indonesian government again reorganized some banks. BNI IV became an independent bank with the name Bank Bumi Daya. The government split BNI II into two parts, with the BNI Unit II Export-Import Division becoming BankExim, which specialized in trade finance.
  • 1986: Bapindo expanded into general commercial banking.
  • 1999: The government merged Bank Bumi Daya, Bank Dagang Negara, BankExim, and Bapindo to create Bank Mandiri.[1]
  • 2004: The bank opened a branch in Dili (East Timor), and a representative office in Shanghai (China).

Board of directors

  • President Director : Agus Martowardojo
  • Vice President Director : Wayan Agus Mertayasa
  • Director : Omar S. Anwar
  • Director : Zulkifli Zaini
  • Director : Abdul Rachman
  • Director : Sasmita
  • Director : Sentot A. Sentausa
  • Director : Bambang Setiawan
  • Director : Riswinandi
  • Director : Thomas Arifin
  • Director : Budi Gunadi Sadikin

Products

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Consumer Banking

  1. Mandiri Savings:
    • Mandiri Saving account
    • Mandiri Business saving
    • Mandiri Plan Saving
    • Mandiri Hajj saving
    • Mandiri Foreign currency saving
  2. Mandiri Current account
    • Mandiri Current account
  3. Mandiri Deposit
    • Mandiri Deposit
    • Mandiri Foreign currency deposit
  4. Mandiri Debit
    • Mandiri Debit
  5. Mandiri Prepaid
    • GazCard
    • Indomaret Card
    • E-toll Card
  6. Mandiri Credit Card
  7. Mandiri Consumer loan
    • Mandiri KPR
    • Mandiri KPR Multiguna
    • Mandiri Personal loan
    • Mandiri Mitrakarya
    • Mandiri Tunas KPM
  8. Mandiri Priority Services
    • Mandiri Priority Services
    • Merchant relations program
  9. Investment Products
  10. Bancassurance
    • AXA Mandiri Financial Services
    • Mandiri Investasi Sejahtera
    • Mandiri Jiwa Sejahtera
    • Mandiri Rencana Sejahtera
  11. Retail Brokerage Service
    • Retail Brokerage
  12. Consumer Banking Treasury (CBT)

Offices wordlwide

  • Bank Mandiri Singapore Branch[2], operate under offshore bank licence granted by Monetary Authority of Singapore[3]
  • Bank Mandiri Hong Kong Branch[4]
  • Bank Mandiri Cayman Island Branch[5]
  • Bank Mandiri Dili Branch[6]
  • Bank Mandiri Shanghai Representative Office[7]
  • Bank Mandiri (Europe) Limited[8], located in London, UK. Subsidiary of PT Bank Mandiri (Persero) Tbk.

References

External links


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